Chinese billionaire Guo Wengui, also known as Miles Guo or Miles Kwok, has been convicted by a U.S. jury on nine counts, including racketeering and wire fraud.

The conviction stems from a $1 billion fraud scheme involving cryptocurrency.

Guo was found guilty of soliciting investments through false statements to his online followers.

The Department of Justice has seized $634 million linked to the fraud.

Guo, a vocal critic of the Chinese Communist Party, defended his actions as moving money from an oppressive regime.

He faces potential decades in prison and may be extradited back to China.

The case revealed Guo's controversial tactics, including creating a blacklist of enemies and organizing protests against authorities.

Guo's lavish lifestyle was funded by his devoted followers.

His ties to former Trump adviser Steve Bannon and involvement in defrauding donors to Bannon's We Build the Wall initiative were uncovered during the trial.

Sentencing is scheduled for November 19.